AOL Licenses Live 8 Concert Webcasts in China

Reuters: AOL is surely reaping in a good amount of money re-licensing Live 8 rights to othe rmedia companies. It ha snow licensed out China rights to Tencent Holdings, which plans to Webcast the concerts to an estimated 20 million viewers on its Website, for free a few days after the actual concerts take place around the world on July 2.
The Webcasts will be translated into Chinese, AOL said. Tencent IM is the most widely used IM in China...